TIRANA, May 20 /ATA/- The average monthly gross pay for a wage earner in the country marked an annual increase of 3.4% in the fourth quarter, following a 2.4% increase the previous quarter.
Bank of Albania notes that, the real increase of the average monthly wage was 1.5%, up from 0.2% in the previous quarter. The increase in the average monthly wage mainly reflected a relatively higher growth of this indicator in the private sector.
The average monthly wage recorded an annual increase of 3.7% (1.8% in real terms) in the private sector, while the increase of indicator in the public sector was about 2.7% (0.9% in real terms). According to economic activities, the upward trend of the average monthly wage was faster in service branches than in manufacturing.
Trade, transport, accommodation and food service marked a pay raise by 7.9% in nominal terms (6.0% in real terms). Among manufacturing activities, the average wage in industry recorded highest annual raise by 4.8% in nominal terms (3.0% in real terms).
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